Many people find cash back credit cards their favorite card for a number of important reasons. Usually the main reason is ease of use. In general, Cashback cards have a clear reward structure. This is a simple way. in redeeming prizes And there are few or no restrictions on how you can use your cash rewards.
Additionally, some cash back cards come with a low APR welcome bonus offer during the introductory period. or low annual fees
In this article, we will talk about the best cash back credit cards from Chase, how to use cash back rewards. and details about the different types of cashback cards you may encounter.
Retrieving Personal Credit Cards With Cash
Chase offers several cash back credit cards. Each card has its own features and benefits. Here are some things you might want to consider:
Chase Unlimited Freedom®
This card offers a flat 1.5% cash back on all purchases. This makes it a simple option to earn consistent cash back. Additional features include:
- Get a welcome bonus after spending the minimum amount within a certain period.
- Low annual fee
- 5% cash back on travel purchases through Chase Travel
- Get 3% cash back when you eat at restaurants. Including participating takeout and delivery services.
- 3% cash back on your purchases at the pharmacy
- Cashback rewards never expire as long as your account is open.
Chase Freedom Flex®
Although similar to the Freedom Unlimited, the Chase Freedom Flex Credit Card has one key difference. In addition to fixed prize types, there is also a rotating reward type that you activate each time. Three months to receive the award When you activate categories You will earn 5% cash back on those specific spend reward categories. It changes every quarter. This will allow you to increase your repayment in several areas. The whole year
- Low annual fee
- Earn 5% cash back up to $1,500 on combined purchases in reward categories like gas stations, grocery stores (excluding Target® and Walmart®), and select online stores, every quarter you’re active.
- 5% cash back on travel purchases through Chase Travel
- Get 3% cash back when you eat at restaurants. Including participating takeout and delivery services.
- 3% cash back on your purchases at the pharmacy
- 1% cash back on all other purchases
DoorDash MasterCard® Rewards
The DoorDash Rewards Mastercard is designed specifically for food delivery enthusiasts. And they even offer a free DashPass subscription when you’re approved for a credit card.
- DashPass is free for one year when you open an account.
- 4% cash back on DoorDash and Caviar orders, including restaurant, grocery, pet supplies, retail products and more
- 3% cash back on food When you buy directly from a restaurant
- 2% cash back on groceries online or in stores
- 1% cash back on all other purchases
- Get a free DashPass membership every year with an annual pass spend of $10,000.
Instacart MasterCard®
Instacart offers delivery or pickup from the world’s best retailers and brands, including groceries and more. Fans may also like the Instacart Mastercard, which offers multiple opportunities to earn cash.
Get one year of free Instacart and $100 Instacart credit when your credit card application is approved.
- 5% cash back on purchases on Instacart.com and the Instacart app at over 1,400 retailers that deliver from over 80,000 stores.
- 5% cash back on Chase Travel phone purchases including flights, hotels and more.
- 2% cash back at participating restaurants, gas stations and streaming services
- 1% cash back on all other purchases
Types of cash back credit cards
There are three main types of cash back credit cards:
Fixed cash back
If the card states that it offers fixed cash back on all purchases. This means that no matter what type you buy. You will get a fixed percentage back.
An example of this is a card that offers 1.5% cash back on all purchases. This may be suitable for people who do not want to keep track of different prize categories or percentages for winnings.
Eligible cashback
These types of credit cards are structured so that different types of spending rewards provide different percentages of cash back.
For example, a card might offer 3% cash back at the grocery store, 2% cash back at the drugstore, and 1% cash back on all other purchases. maximum If you spend a lot in the category with the highest percentage You can get the maximum refund.
Periodic repayment
Revolving cash back cards offer a higher percentage of cash back in spending reward categories that generally change quarterly. These cards may have a calendar showing eligible categories and the cashback rates that will be offered during each period.
An example is a card that offers 5% cash back on dining for three months. Then convert it into 5% cash back on groceries for the next three months. Please note that cardmembers may need to activate changes to reward categories each quarter. Therefore, you will need to read the terms and conditions.
Popular Cashback Rewards Categories
Cashback categories, also known as bonuses, vary depending on the specific rewards program and credit card issuer. However, there are several general categories that you will find with most cashback credit cards.
- garage
- travel
- Grocery store
- Eat in a restaurant
- pharmacy
- Stream service
Keep this in mind if your cash back credit card type turns. The types of eligible rewards may change over time, so you should pay close attention to these terms.
How to get cash back with Chase
With Chase, you can maintain flexibility in using your cash back rewards by choosing how you want to receive them. Here are some of the options available to you when you receive your refund:
- Credit Statement: You can use cash back rewards to help pay down your credit card balance.
- Products and Services: There may be an opportunity to apply your points to all or part of your payment to purchase eligible products or services directly through merchants or third-party providers.
- Direct Deposit: You can redeem your cash back rewards through direct deposit into your preferred bank account.
- Gift Cards: You may be able to get cash back for gift cards. You’ll want to check back each month to get discounts on certain gift cards.
Be sure to read your credit card agreement to check the repayment options for that card. There may be more options than those listed above, such as – travel purchases.
Bottom line
If you are considering a cash back credit card You may find that this card offers an easy and valuable way to earn and use rewards. If you know your spending habits You can try to find a credit card that offers a higher cash back percentage for the categories you spend the most on.